This graphic maps key indicators of the oil market in between 2012 – 2017. For more information on which trends will shape the oil market, check out this CSS analysis by Severin Fischer. For more graphics on natural resources, check out the CSS’ collection of graphs and charts on the subject here.
This blog is republished here as part of our special holiday selection.
Jonah natural gas field near Pinedale, WY, US. Photo: World Resources/flickr.
CAMBRIDGE – When President Richard Nixon proclaimed in the early 1970’s that he wanted to secure national energy independence, the United States imported a quarter of its oil. By the decade’s end, after an Arab oil embargo and the Iranian Revolution, domestic production was in decline, Americans were importing half their petroleum needs at 15 times the price, and it was widely believed that the country was running out of natural gas.
Energy shocks contributed to a lethal combination of stagnant economic growth and inflation, and every US president since Nixon likewise has proclaimed energy independence as a goal. But few people took those promises seriously. » More
Test your knowledge about scarcity, the topic of our latest Special Report.
CSS Analysis no 69 and 70
Our colleagues at the Center for Security Studies have recently published two new policy briefs.
Mathew Hulbert looks at European energy policy and the interconnected goals of availability, affordability, and sustainability. He argues that Europe needs to re-level the low carbon technology playing field to properly realign global emission concerns and security of supply in the future. Also check ISN resources on European energy policy.
Roland Popp examines Western governments’ counterterrorism strategy in Yemen. He emphasizes the need to take the resolution of Yemen’s economic and social problems as a starting point. The ISN Digital Library offers further resources on Yemen.